Singaporean crypto exchange WEEX has made a significant move to support the Terra Classic (LUNC) community and its ongoing burn initiative. This announcement highlights WEEX’s commitment to the LUNC ecosystem and its belief in its long-term potential.
Transparency and Community Focus
WEEX unveiled a dedicated LUNC landing page on its website, offering clear and comprehensive information about the burn initiative. The page features a list of the program’s initial LUNC burn ambassadors, including prominent community figure Mrdiamondhandz1 (@Mrdiamondhandz1) who reshared the news on his social media platform.
This transparency extends to a countdown timer for the monthly scheduled LUNC burns, fostering community engagement and allowing users to stay informed.
Collaboration is Key
The WEEX program was developed in collaboration with Mr.Diamondhandz1, host of the popular LUNCLIVE podcast. His involvement signifies WEEX’s dedication to working alongside community leaders for shared goals. Some analysts, following WEEX’s listing of LUNC spot trading pairs, even predicted LUNC’s dominance in the current bull cycle.
The new landing page and burn initiative features have further bolstered this bullish sentiment.
Burning Reducing Supply, Potentially Increasing Value
A core element of the initiative involves WEEX allocating 15% of its trading fees from both Futures Pro and Spot platforms towards burning LUNC tokens. This mechanism aims to reduce the overall circulating supply of LUNC, potentially leading to an increase in its value. This directly contributes to the community’s efforts to revitalize the LUNC ecosystem.
WEEX’s announcement emphasizes its strong belief in the long-term viability of the Terra Classic ecosystem. The exchange aims to provide a robust trading platform for LUNC while actively supporting the community’s drive towards sustainability and growth. The monthly LUNC burning events and the dedicated landing page serve as concrete examples of this dedication.
Also Read: Terra Luna Classic (LUNC): Can It Overcome Legal Woes and Reach $0.00058?
Join the LUNC Revival
The WEEX landing page concludes by inviting the LUNC community to join the initiative. This program presents a collaborative opportunity for WEEX and the community to contribute to the ongoing revitalization of the Terra Classic ecosystem. Mrdiamondhandz1 echoed this sentiment with a call to action, urging users to “Sign up and burn,” highlighting how continuous platform usage fuels the token burn rate.
With this initiative, WEEX has positioned itself as a strong supporter of the Terra Classic community and its LUNC revival efforts. Whether this translates to a brighter future for LUNC remains to be seen, but the collaboration between exchange and community offers a promising path forward.
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